The listed company NextGen Digital has launched a cryptocurrency reserve strategy and has purchased $1 million worth of BTC

ChainCatcher news, according to Businessinsider, the digital asset and fintech platform NextGen Digital Platforms Inc. (Canadian Securities Exchange code: NXT) announced today that, as part of its corporate funding strategy, it has purchased $1 million worth of Bitcoin and added it to its balance sheet. This strategy includes the acquisition of specific cryptocurrencies such as Bitcoin, Ethereum, and/or Solana.

As an important initiative in the diversification management strategy of corporate reserves, NextGen plans to allocate a portion of its idle cash to cryptocurrency assets. The company recognizes these digital assets as potential long-term value storage tools and hedges against systemic financial risks. Through this initiative, NextGen becomes one of the growing number of publicly traded companies that incorporate cryptocurrency assets alongside traditional cash, cash equivalents, and securities in their fund management systems.

According to the strategy approved by the board of directors, the company may allocate up to 80% of its cash reserves to cryptocurrency assets. All assets will be held by a regulated institutional custodian and will strictly comply with applicable laws and industry best practices regarding asset security, custody, and information disclosure.